21st Jan 2009 AUD, EUR, GBP/USD Daily


AUD Weekly and 3-day pattern

Currencies and Indexes are following the same patterns of down into their Weekly lows and probability continue down into their Monthly lows.

AUD Weekly support, but less likely to hold other than a short-term intraday bounce.

Tuesday Breakout and the best pattern is a move back towards the 5-day 50% level which matches Tuesday breakout and then look for the next move down.

But also use the blue filter as a trend guide.



Euro Weekly and 3-day pattern

Euro Weekly support, but less likely to hold other than a short-term intraday bounce.

Tuesday Breakout and the best pattern is a move back towards the 5-day 50% level which matches Tuesday breakout and then look for the next move down.

But also use the blue filter as a trend guide.

If Weekly lows can't hold it's moving down into Wednesday's lows.

GBP Weekly and 3-day pattern

GBP has completed the move down into January's lows

Wednesday's lows random support

blue filter random resistance

Note: the same pattern of Tuesday breakout so there could be a move back towards the 5-day 50% level